Debasement as a hidden tax
About this model
Nicole Oresme, De moneta, c. 1360. The prince recoins silver into more coins with less metal and keeps the difference; prices rise and subjects' savings lose value; good old coins are hoarded and leave circulation. A teaching model: it keeps only this core loop and leaves out everything else a real economy has.
"Debasement as a hidden tax" is a public Machinations diagram shared in the Community by Machinations, with 40 components.
It was created in October 2026 and last edited in November 2026.
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